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. they are studying the evolution of specialization as they uncover details of ancient economies around the world. in the maya city of copan, a jeweler fashioned rare shell and jade for his powerful lord. in mexico, living artisans echo the economy of a vanished civilization. and in teotihuacan, evidence of mass production has now been unearthed. tiny faces of clay reflect the men and women who made them a thousand years ago. on the other side of the world, in the ancient roman city of ostia, huge merchant ships were part of an economy much like our own. and today, the tanners of morocco still practice their ancient craft, living proof that economies have evolved out of the past. everyone who has ever lived has been part of an economic system. iel bote pesos! economic systems are simply the ways people produce, distribute and consume things -- everything and anything, from tortillas to stocks and bonds. for 10,000, 10,000 an eighth. today, as in the past, economic systems lie at the heart of how a society is organized. archaeologists search for these systems because they believe econ
's reigning currency? in a global marketplace, our economy depends on the international value of the dollar. it affects how much we pay for foreign goods and how well our exports sell overseas. "exchange rates: what in the world is a dollar worth?" with the help of economics analyst richard gill, we'll examine that question on this edition of "economics u$a." i'm david schoumacher. it is only in recent years that exchange rates could vary from day to day. for generations, exchange rates were fixed and currencies freely convertible to gold. to cast aside the predictability of the fixed exchange rate system was considered more than unusual -- it was nearly unthinkable. why then, in 1933, would the united states do the unthinkable? why would it abandon the stability of the gold standard? before the great war, the gold standard symbolized stability and prosperity, and the british pound was considered "as good as gold." but in 1925, parliament set the exchange rate of the pound for gold beyond its real value. as a result, british goods became more expensive -- exports declined, factory workers w
on the clinch river. began with the construction the tva plan was ambitious. the regional economies could be improved if the waters were made navigible. the tva constructed housing, began a malaria control project, worked on agricultural development, and provided electrical power to this depressed region. some thought the government was going too far. along with the utilities, others who feared economic loss joined in the opposition. coal miners feared hydroelectric power would reduce the demand for coal. the coal operato of wesvirginia came to washington, d.c. they were very angry at me because i was an open supporter of the legislation to create the tennessee valley authority. they said this will rob us of hundreds and thousands of jobs if these rivers are turned into productive areas for the power systems that will not stop in the tennessee valley authority but will go into other regions of the united states. they saw it as something to oppose, and they did so vigorously. the tva argued that flood control was its primary goal. the opposition argued that the government had no right bein
the economy. and since the days of henry ford, the american auto industry kept its hand on the wheel and its foot on the accelerator. detroisold the big car. and american drivers bought it. high gas mileage didn't mean much to people used to 30 cent gas. 1973 changed that. war in the middle east and an oil embargo were followed by short supplies, gas lines, and skyrocketing prices. higher gas prices de datsunsan. to some, importing japanese cars meant exporting american jobs. so why not just cut imports to save jobs? for drivers, cars are transportation. but in detroit, cars are jobs, good jobs, and lots of them. for auto workers, more imports would mean more layoffs, often permanent layoffs, and a search for new work by men and women who had spent their lives on the assembly line. president douglas fraser of the powerful auto workers union took the workers' case to washington. his members and their employers needed protection from their japanese competitors. protecting auto workers and the auto industry made little sense to believers in free trade, like economist robt crandall of the brooki
the economy. a government survey says among japanese workers has improved for the first time in two months. researchers asked more than 2,000 people nationwide how they feel about the economy compared with three months ago. the survey results released on monday show that the november index for the current state of the economy stood at 53.5%. that's a gain of 1.7 points from the previous months. it does suggest the economy is flat. respondents to this work in retail, restaurants, as well as other sectors that are sensitive to economic trends. many other respondents said that home appliances and cars are really selling well ahead of the consumption tax hike next april. workers at many factories say they are receiving more orders. we also got news on the index for the business outlook. it rose 0.3 points to 54.8. that makes for the third safe monthly rise. this reflects optimistic views for the year end shopping season. the cabinet office also upgraded its economic assessment. it previously said the economy is recovering steady. many respondents do expect demand to rise ahead of the consumpti
. >>> japan's latest stimulus plan has been approved. it's supposed to further boost the economy. ron madison has the details on that. >> that is the hope, of course. there has been a bit of concern about whether the economy could actually shoulder the weight of the planned contac hikes. they're hoping to count ernie negative effects the higher tax may bring. it works out to just about $54 billion. cabinet ministers are hoping the measure will help the economy keep expanding and want to support low income earners who might be affected by the tax hike. nearly $14 billion will go to sharpening japan's competitive edge. officials will use the money to promote research and development on new medicines and invest in infrastructure projects for the 2020 tokyo olympics. they've earmarked about $6 billion to people with low incomes and subsidies for home buyers. $3 billion to welfare programs. the ministers also want to speed up recovery for those hit by the march 2011 disaster. it includes $30 billion to improve reconstruction and improve disaster preparedness. it will support evacuees returning to
is still struggling to turn its economy around, but a the head of the investment agency in greece says the government is reforming the business envirnment to attract overseas capital. >> greek government mandated by the greek people embark on a major overhaul of all sectors of the economy, so a structural reform, a huge structural reform has been undertaken at the same time. >> greece's economy is expected to contract this year for the sixth consecutive year. the government forecasts though the gdp will grow in 2014 as global demand gradually picks up but austerity measures keep pressure in people's lives. the jobless rate remains the highest in the eurozone. >> the unemployment is soaring and this is a very important problem, especially among youth, when it is a time that the people need to hone their skills. unfortunately, they are left without a job, so no one can overlook this, but that's exactly what we're trying to accomplish, and that's why we have placed the attraction of fdi right at the center of our efforts. >> oesias says the greek government is making it easier for foreign
in the party. chung worked to open up north korea's economy, but fell from grace in 2003. observers thought he'd be dismissed. his whereabouts were not reported again until 2006 after kim jong-il's death in 2011, chung and his wife supported the young successor. chung was given the task of meeting chinese leaders last year. >>> in tokyo, japan's chief cabinet said the government is closely monitoring cheng's reported dismissal. >> translator: the government is paying close attention to the situation in north korea. we are gathering various information, while coordinating with other countries. >> suga said there was a meeting held on the matter. the report on the possible reshuffle in pyongyang raises plenty of questions. we turn to a north korean expert for answers, a senior fellow at the korean institute for national reunification. >> it is very shocking to me, because he is the number two in politics and he was the king maker of kim jong-un when kim jong-il was -- as problem happened. a power struggle between them is maybe likely, but it's too early to happen, because, you know, kim jong-un
to regional deals. addwto says the deal could $1 trillion to the global economy. >> it is so agreed. >> the agreement is a milestone for the wto. it is their first global trade deal since his creation in 1995. >> for the first time in our history, the wto has truly delivered. >> the deal will lower trade barriers and speed up the passage of goods through customs. most importantly, its terms apply not to just rich industrialized states but also the poor developing countries. analysts estimate that it could boost the global economy by hundreds of billions of dollars. >> we have achieved something very significant. people all around the world will benefit from the package you have delivered here today. >> some critics say the agreement could prevent poor countries from setting their own priorities in areas like environmental action, workers rights, and food security. negotiations dragged into a next her day after there were last requests from individual countries. cuba objected to a removal of the reference of the u.s. trade embargo, and india objected reservations to feed it subsidize
-- demonstrations and police violence continued. the country's economy collapse. the anti-apartment movement it momentumked up abroad and nelson mandela became its symbol. mandela was eventually innsferred to another prison 1988 when he initiated secret negotiations with the government. in 1990, the ban on the anc was lifted. that year he walked out a free man. mandela was elected president of the anc in 1991. he continued to negotiate with president f.w. de klerk to seek an end to the country's racist laws. both men were awarded the nobel peace prize in 1993. >> we can stop the forward movement of these forces in the country. inapartheid came to an end 1994 when black south africans were allowed to vote for the first time in the country's history. the anc won the harlem in three elections and nelson mandela was elected president of south africa. >> i stand before you filled with pride and joy. pride in the people of the country. determination -- enjoy that which you can loudly proclaim from the rooftops -- free at last. >> in june of 1999 after one presidential term, nelson mandela retired
powerful man in a state. he was sacked for mismanaging the economy, womanizing, and drug taking. they say it is one of the biggest upheavals to hit the government since the death of former leader kim jong-il. scenese -- violent from foo -- from a football match in brazil. it will likely raise questions about the country's ability to keep fans saved their own -- safe during next year's world cup. >> players were in high spirits. minutes later, the stadium descended into chaos as supporters began charging at each other and exchanged blows. police fired rubber bullets and tear gas into the crowds. they were already punished for ago.iolence months visibly emotional -- >> it is sad. i am speechless. ground.guy lying on the i don't know what happened. things were already difficult. and then this happened? it could be another disaster for brazilian football. the whole world will see this. >> i am alarmed by the lack of security. insidead been no police the stadium during the game as a private security company was being used. after over an hour, the match got back underway. a controversial auctio
iusiesbigger ca. to exploit what economistsall economies of scale. as he increased oduction, his average costs per car fe, enabling him to lower the price and expand production. second expandingased e amount of machinery, plant, and equipmenteach la. this was an increase in the capital/labor ratio it was exemplified this wby those cs,chai, and dris in the capital/labor ratio that his workers used. thirdly, he did everything in new ways. andesigned a different intced a novemeodof procti- e assembly line. he was, according the gre, intan entrepreneurf procti- e asit has been said thatankee know-how made america gat. henry ford was one yankee who did know how. space. the race to reach beyond the limits of this planet capturedhe country's imagination in the 1960s. for decades americans have supported a mar investment in the space program anits accomplishments, like communications satellites. how does thissatellitescame, far-out technologynts, come down to simple dollars and cents? early is century, tecommunicatio went where wires went. fiiraculously, across the street, teomity cit teco
leaders are of course, trade, u.s.-china trade, and the economy. the united states had hoped that those issues would really be the main issues at this meet -- these meetings. but as we now know, this declaration of the air defense zone will likely dominate the meetings and perhaps challenge -- or provide a challenge to any progress made on the issue. >> reporting there from beijing. to the streetned to thailand for the first time in days. protest on the hold out of respect for the king's birthday am a national holiday to be celebrated thursday. but the opposition said it's fight to bring down the government as far -- it's fight to bring down the government is far from over. in bangkok on wednesday, a vast cleanup operation was underway. a day earlier, the violence that began last weekend came to an king'shalt ahead of the birthday thursday. the thai prime minister called for a truce between police and protesters. but the first time in days, calm returned to the streets and prime minister yingluck shinawatra all for -- a lasting solution. like to invite academics, businessmen, and groups
Search Results 0 to 13 of about 14 (some duplicates have been removed)